Aurum is a project of creating a precious crypto, it's goal is the representation, preservation and accumulation of value. A golden blockchain was created, its currency, Xaurum, was coined as a representative commodity money, 100% backed with gold. Each Xaurum in exchange is backed by 1 g certified gold of 999.9 purity and is exchangeable for it by Auresco Institute online on aurumproject.io globally. Xaurum is created to perpetually rise in value by continually increasing the gold reserves - for this, some crypto-alchemy is required.

Coinage

Xaurum is coined out of a Proof of Stake blockchain, with starting 0.01% yearly inflation. 1016 of coins were sold on ICO by Auresco Institute, 1016 of 1g 999.9 certified gold was bought, below EU retail prices. This way 1016 usable coins, 100% backed by gold are created, a golden foundation on which we build. 998,984 of the coins will be mineable at goldmine, our PoS multipool, making the total of coins in exchange 1,000,000 when all are mined. 90% of the coins will serve as guardian nodes, running on secure servers transparently, and will never enter exchange. Time required for the acquisition of gold reserves is 2-4 weeks, time needed for shipping 3-7 days.

Remurrage

Remurrage is the yield of owning a currency for a certain duration.

Acceleration by Commonwealth

A flat increase of value that equally rewards all users of the currency, by rising the value of each individual coin in exchange, accelerating adoption. Remurrage is achieved by increasing the gold reserves, this increase is funded by the Commonwealth wallet.

Goldmine

A crypto gold mine is opened, a PoS type multipool where Xaurum can be mined, the goldmine collects fees. In this way users are rewarded and miners and traders are incentivized. All the fees from the multipool are collected and distributed to the Commonwealth wallet. And because no code can cover all contingency, growth and payouts may be affected by it (in cases of volatility of btc, gold etc.).

Guardian nodes

90% of all blocks are mined by the guardian nodes and collect 90% of all transaction fees and 90% of stakes. All of the fees collected by the guardian nodes are distributed to the Commonwealth wallet, the stake reward of users that enter exchange, are backed with gold and guardian stakes are added to mining. Transaction fees and % of inflation are determined by the users collectively, for this purpose, a in-wallet voting system will be developed.

Auresco Institute

Auresco Institute is a non-govement, non-profit, financial institution, serving as a legal entity. Based in Slovenia, EU, it serves as a crypto-guild, counting all holders of Xaurum as its members, capable of participation and cooperation. Auresco Institute's duty is the development and maintainance of Aurum project, it is funded by maximum of 5% - 10% rebate on gold purchases. It preserves the blockchain by running the guardian nodes, its value by securing the gold reserves and running the website aurumproject.io where it will be exchanging XAU for its worth in gold, according to the gold reserves. This exchange will be accessible as "melting" on the website, gold will be shipped globally. When you melt, trust only signed emails ( so you can authenticate the email on keybase.io/aurumproject ) Cooperation and participation will be organized on freenode #aurumproject, announcements will be posted on twitter @urumproject. All actions will be as transparent as possible.

... sic manet gloria mundi.

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As a part of our promotion, we have organized a signature campaign with 100 slots availiable, that will pay out 1280 new Xaurum to each participant, after the end of the event. The campaign is managed by yahoo62278, and escrowed 10 BTC by Dabs.

[center][url=http://www.xaurum.org][font=Arial Rounded MT Bold][b]XAURUM |[/b][/url][url=rico.xaurum.org][font=Arial Rounded MT Bold][b] The only cryptocurrency with a growing gold base, is being reborn on 18th of July.[/b][/font][/url]

I think this is one of the best ideas in the cryptoworld. The project has been growing for over a year and a half now and they showed nothing but progress and profit. For me this is a good way to portray their ''legitness'' and assurance. And also it's backed by the one and true money - gold!

I think this is one of the best ideas in the cryptoworld. The project has been growing for over a year and a half now and they showed nothing but progress and profit. For me this is a good way to portray their ''legitness'' and assurance. And also it's backed by the one and true money - gold!

Please state and agree to the conditions (if item is receiveddamaged, item lost with tracking, customs fee etc) beforehand.

If possible, GPG sign your agreement to prevent anydiscrepancies later on and please ship with tracking to preventproblems during delivery. GPG signing is not a requirement, andany verbal exchange in the form of private messages or posts onbitcointalk.org, or email is effective as a statement ofcondition.

This Contract is solely generated for the purpose offacilitating the transaction between the seller and the buyer,which refers to the pseudonyms used on bitcointalk.org.

The escrow holder, Dabs, assumes and gives no liability orguarantees on the satisfaction of all parties involved, althoughhe agrees to mediate and facilitate the deal to the fullestextent he is capable of. On the event that any problems arises,he will release the escrow to whichever party that presents himwith the most convincing proof and/or after an open discussionwith others.

The verbal acceptance by both parties (or the failure to reject)and the sending of Bitcoins to the escrow address aboveconstitutes the acceptance of the terms and conditions stated,and the activation of this Contract.

Please understand that I am assuming the risk of holding theescrowed Bitcoins, and I am using my own time to facilitate thistransaction.

Thank you.

My standard fee is 1%~2% of the BTC amount (minimum of 0.03 BTC)and this will be deducted from the BTC at the escrow address atthe time of releasing the coins.

- Aritcles and blogposts (online now)Help us spread information about Xaurum or the RICO event.Contact us via pm, or email us at info@xaurum.org

- Help us test the Xaurum dapp (not yet active)We'll be paying 1 BTC in XAUR for every bug discovered.

The price that will determine Xaurum coinage for the RICO, will be taken as an average of the prices from the announcement of RICO to its start, to make sure the coinage is fair for everyone and avoid price manipulation.

- Aritcles and blogposts (online now)Help us spread information about Xaurum or the RICO event.Contact us via pm, or email us at info@xaurum.org

- Help us test the Xaurum dapp (not yet active)We'll be paying 1 BTC in XAUR for every bug discovered.

The price that will determine Xaurum coinage for the RICO, will be taken as an average of the prices from the announcement of RICO to its start, to make sure the coinage is fair for everyone and avoid price manipulation.

HiCouple of months ago I was met with XAU via an exchange! Then finished some reading visiting the website. And got feeling to be involvement. But the high price keep me at bay! Now the opportunity is here. Feeling myself lucky to see the thread at first place. Already join SIG campaign. And want to do some promotional work via Twitter for XAUR new adventure! Looking forword to hearing from @Op.